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Submitted 345 days ago...

lchocron

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Tax Implications when Wiring Money to International Bank Acct

I am about to transfer $50,000 to a 3r party Switzerland Bank Acct. Should I expect some tax implications? Thanks

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Submitted 345 days ago...

Mtnrescue

Professor (1,082)

No, but you should expect and inquiry as to the nature of the wire. It will raise a flag with the government, however, if it is for legitimate purposes, you have nothing to worry about.

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